Six months after the Los Angeles City Attorney filed a lawsuit accusing Wells Fargo of a slew of unfair practices — like encouraging employees to open unauthorized consumer accounts and then charging those accounts phony fees to meet sales expectations — two other regulatory agencies have opened investigations into the bank’s behavior. [More]
federal reserve bank of San francisco
Wells Fargo’s High-Pressure Sales Strategy Probed By Federal Regulators
By 11.30.15 — Updated: 9.30.16
